Stock Purchase - Tanger Factory Outlet Centers (50 shares, $68 dividend income)

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a REIT that owns and operates outlet centers in the United States and Canada with more over 2,600 stores representing approximately 400 store brands.

The future of brick and mortar retail is gloomy everywhere you look except online (i.e. Amazon) However I think there is still room for other players in this sector to not just survive but also thrive. I believe Tanger operates in such a specific setting where quality and branding is essential. I like shopping at outlet centers and I believe this shopping experience is the future of retail alongside online retail. I hope so at least while I collect that 5% dividend waiting for the retail landscape future to clear up.

This purchase will add $68 annual dividend income to my dividend stock portfolio

Basic info:

Market CAP: 2.5B   EPS:$1.96 Dividend: $1.37 (5.25%)